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  • Writer's pictureSubhan Tariq, Esq

What to do about an old judgment in NY

Updated: Feb 20, 2023


An old judgment can significantly impact your credit score, as it is considered a negative mark on your credit report. Judgments are considered a type of negative information and can lower your credit score. The exact impact on your score will depend on several factors, including the amount of the judgment, the age of the judgment, and the rest of your credit history. It can reduce your creditworthiness. Lenders and creditors use your credit score as an indicator of your creditworthiness, and a judgment may cause them to view you as a higher-risk borrower. This can result in higher interest rates, lower credit limits, or even denial of credit.

There may also be increased difficulty in obtaining credit. A judgment on your credit report can make it more difficult to receive credit, as lenders may be hesitant to extend credit to you if they view you as a higher-risk borrower. It has a long-term impact, as judgments typically remain on your credit report for seven years from the date they are entered and may have a lasting impact on your credit score and creditworthiness.


Judgments are a matter of public record and can be seen by anyone who accesses your credit report. This can impact your ability to secure employment, rent an apartment, or obtain insurance.





If you have an old judgment against you in New York, here are some steps you can take:


1. Check the statute of limitations: In New York, the statute of limitations for collecting on debt through a judgment is usually 20 years. If the statute of limitations has passed, the creditor may be unable to collect on the debt.


2. Negotiate a settlement: If the statute of limitations has not passed, you may be able to negotiate a settlement with the creditor. This may involve paying a portion of the debt in full or making regular payments over time.


3. Consider vacating the judgment: If the judgment was obtained in violation of your rights, you might be able to have it vacated (or overturned) by the court.


4. Seek professional help: If you are unsure of your rights or how to proceed, you may want to consider seeking the assistance of a debt settlement company, credit counselling service, or an attorney.



It's vital to be proactive in resolving an old judgment, as the longer it remains on your credit report, the more significant the impact it will have on your credit score and creditworthiness. If you're unsure of your rights or how to resolve an old judgment, consider seeking the assistance of a debt settlement company, credit counselling service, or an attorney.

For more info, email us at info@tariqlaw.com, or submit a case review request.


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